On Jan. 30, the European Central Bank (ECB) decided to cut its three key interest rates by 25 basis points. This brings the deposit facility rate to 2.75%, the main refinancing operations rate to 2.90%,
Sky News Business Editor Ross Greenwood says the European Central Bank has been trying to “hammer down” their interest rates.
Several members of the ECB’s Governing Council have already voiced such fears, stressing that the ECB should cut rates to a “neutral” level as quickly as possible. Deutsche Bank’s Mark Wall said in e-mailed comments that rates may “quite probably” end up below neutral by year-end.
was speaking today after interest rates were cut by a further 25 basis points Business Post subscribers can read:
Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:
European Central Bank policymakers are likely breathing a sigh of relief that the new U.S. administration did not impose the blanket trade tariffs some had feared and a rate cut next week now seems like a done deal.
ECB President Christine Lagarde has firmly stated that Bitcoin will not be included in EU reserves due to concerns over regulatory risks.
The ECB is expected to cut rates by 25bps to 2.75% on Thursday as inflation nears 2% and growth remains weak. Analysts see further cuts in 2025, but US trade tariffs could add uncertainty.
- 08:15 (EU) ECB Interest Rate Decision: Expected to cut Key Rates by 25bps; Expected to cut Deposit Rate by 25bps to 2.75%; Expected to cut Main 7-Day Refinancing Rate by 25bps to 2.90%; Expected to cut Marginal Lending Facility by 25bps to 3.15%.
In his first week as US President, Donald Trump’s crypto policies reportedly drew the attention of a European Central Bank official, encouraging the development of a digital euro.
Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track.
Investors eye ECB rate decision and press conference for clues on future cuts. Will a dovish stance propel the DAX higher?